Heat's trade offer for Giannis Antetokounmpo revealed, but it raises salary cap questions

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Herro, Ware and draft picks is a strong price to pay, and the Heat would obviously have to make sure they get Antetokounmpo signed to a long-term deal to make the cost worth it.

Marks raises the possibility of the Heat waiting until the summer of 2027 to conceptually sign Giannis as a free agent, but if he's already extended somewhere else, that plan fails.

That would mean Miami jumping in now to get it done, and they'd have to be very smart about how they handled the NBA's salary cap rules in such a trade.

"Losing in the play-in certainly creates a sense of urgency for the Heat," Marks writes. "Can they pull off a trade while still having the financial flexibility to re-sign Norman Powell and add to their roster? To do so, Miami would need to avoid the second apron hard cap by sending out more salary than the incoming amount received in a trade."

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The Bucks will be getting offers from across the NBA, and each of them will likely have their own quirks, pros and cons.

Miami starting a deal with Herro and Ware, and then building off that, is pretty solid. The Heat will surely be in the running if they want to be.

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